Dimondale, Ingham County, Michigan Property Taxes
Median Dimondale, MI effective property tax rate: 1.73%, significantly higher than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Dimondale, MI home value: $269,000
Median annual Dimondale, MI tax bill: $4,717, $2,317 higher than the national median property tax bill of $2,400.
How are property taxes in Ingham County calculated?
Property taxes in Dimondale, MI are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Dimondale’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Dimondale, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Dimondale, Ingham County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.73%
Estimate Property Tax Bill
$4,654
$4,319
Property Tax Rates Across Dimondale, Ingham County, Michigan
Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Dimondale’s effective property tax rate to other cities in Michigan and the median property tax rates in Michigan and the U.S.
Dimondale, located in Ingham County, has an effective property tax rate that reflects the county's budgetary needs and the total value of taxable properties. The local rate stands out when compared to the national median property tax rate of 1.02%. This comparison highlights the variance in property tax burdens across different regions. Understanding these differences is crucial for homeowners, as it impacts overall affordability and financial planning. By examining Dimondale's rate in the context of both state and national figures, property owners can make informed decisions about appealing their property tax assessments and exploring potential exemptions.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Dimondale Tax Rate
1.73%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Ingham County Tax Rate
2.06%
Median Effective Michigan Tax Rate
1.07%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Dimondale, Ingham County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48821 | 1.32% | 1.53% | 1.73% | 1.91% | 2.12% |
Source: Ownwell
Property Tax Assessment Values Across Dimondale, Ingham County, Michigan
When examining property taxes in Dimondale, MI, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Ingham County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Ingham County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Dimondale. For example, the median home price in Dimondale is $269,000, with tax bills ranging significantly across the county. 48821 has the highest median home price at $269,000.
Property Tax Assessment Values Across Dimondale, Ingham County, Michigan
Source: Ownwell
$85,200
$197,600
$310,000
Median Dimondale Market Value
$269,000
Median Ingham County Market Value
$152,200
Median Michigan Market Value
$177,800
Median United States Market Value
$235,294
Property Tax Assessment Values Across Dimondale, Ingham County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48821 | $192,520 | $227,000 | $269,000 | $335,400 | $411,520 |
Source: Ownwell
Property Tax Bills Across Dimondale, Ingham County, Michigan
In Dimondale, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in Dimondale is $269,000, which influences the assessed value used to calculate the tax bill. Tax bills in Dimondale can vary significantly, with the 25th percentile at $3,855 and the 75th percentile reaching $5,665. For those at the higher end, the 90th percentile tax bill can be as much as $7,319. The median tax bill in Dimondale's zip code 48821 is notably $4,717, which is higher than the national median of $2,400.
Property taxes in Dimondale can be a significant expense for homeowners, affecting their overall financial planning. Ownwell can assist homeowners by reviewing their property assessments and identifying potential inaccuracies or opportunities for exemptions. By appealing incorrect assessments or securing eligible exemptions, Ownwell helps homeowners potentially reduce their tax bills, ensuring they pay only their fair share. This service can provide substantial savings and alleviate financial burdens for property owners in Dimondale.
Median Dimondale Tax Bill
$4,717
Median Ingham County Tax Bill
$3,019
Median Michigan Tax Bill
$1,795
Median United States Tax Bill
$2,400
Property Tax Bills Across Dimondale, Ingham County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48821 | $3,063 | $3,855 | $4,717 | $5,665 | $7,319 |
Source: Ownwell